Alverno College, a private women’s liberal arts college in Milwaukee, has declared a financial exigency in order to address its financial challenges. As a result, the college has announced that it will be cutting several programs and eliminating 37 staff positions.
The decision to declare financial exigency was not taken lightly, as it is a drastic measure that allows institutions to make significant changes to their operations in order to address financial difficulties. Alverno College President Andrea Lee stated that the college has been facing financial challenges for several years, including declining enrollment and increased competition from other colleges and universities.
In order to address these challenges, Alverno College will be eliminating several academic programs, including majors in history, philosophy, religious studies, and English. The college will also be cutting 37 staff positions, including faculty and staff members. These changes are expected to take effect in the fall of 2021.
In a statement, President Lee acknowledged the impact that these changes will have on the Alverno College community. She stated, “This is a difficult time for our college, and we understand that these changes will have a significant impact on our students, faculty, and staff. However, we believe that these changes are necessary in order to ensure the long-term financial sustainability of the college.”
Alverno College has stated that it will work with affected students to help them find alternative programs or transfer to other institutions. The college will also be providing support and resources to affected faculty and staff members.
While the news of Alverno College’s financial exigency and program cuts is undoubtedly concerning for the college community, it is important to remember that the college is taking these steps in order to ensure its long-term financial stability. By making these difficult decisions now, Alverno College hopes to secure a brighter future for itself and its students.
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